US Stock Market LIVE: Dow trims gains as Bessent predicts imminent US-China tariff de-escalation

US Stock Market LIVE: US stocks are rallying Tuesday (April 22) after companies reported fatter profits than expected, and other U.S. investments are also steadying a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.

US Stock Market LIVE: US stocks are rallying Tuesday (April 22) after companies reported fatter profits than expected, and other U.S. investments are also steadying a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve. The S&P 500 was 2.8% higher in afternoon trading. The Dow Jones Industrial Average was up 1,071 points, or 2.8%, as of 12:24 p.m. Eastern time, and the Nasdaq composite was 3.3% higher. Every major index has so far recovered from its sharp drop on Monday. The value of the US dollar also stabilised after sliding against the euro and other competitors, while Treasury yields held steadier. Sharp, unusual moves in those markets have recently raised worries that Trump’s policies are making investors more skeptical that US investments still deserve their reputations as the world’s safest.